Court commends Atlanta Gold for Clean Water Act compliance efforts and declines to impose additional penalty


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Court commends Atlanta Gold for Clean Water Act compliance efforts and declines to impose additional penalty

Canada NewsWire












TORONTO, Sept. 10, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announces that the U.S. District Court for the State of Idaho, in the
compliance litigation brought under the United States Federal Water
Pollution Control Act ("Clean Water Act") against the Company's wholly-owned subsidiary, Atlanta Gold
Corporation ("AGC"), has entered an Order declining to impose any additional penalty
against AGC due to AGC's "commendable" efforts in reducing the level of
arsenic and iron in compliance with the terms of the applicable NPDES
permit.  Final judgment will be entered in the amount of US$2 million,
which AGC expects to pay over a five year period.  As previously
announced in the Company's news release of August 27, 2013, AGC and all
parties to the litigation, including the U.S. Attorney as intervenor,
have approved a proposed final Consent Judgment for signature by the
Court providing for payment of the penalty in quarterly installments
over a five year period.  It is anticipated that the Court will sign
and enter the Consent Judgment later this month.




The Court also ordered that after the entry of the final judgment, the
case will be administratively terminated, only to be reopened if the
Plaintiffs to the litigation seek enforcement and/or sanctions for
future violations, if any.  AGC continues to maintain compliance with
the terms of the NPDES permit through use of the zero valent iron
passive filtration system, and is confident that it will remain in
compliance in the future.





About the Company





Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation,
leases, options or ownership interests in its Atlanta properties which
comprise approximately 2,159 acres (8.74 square kilometres) located 90
air kilometers east of Boise, in Elmore County, Idaho. A long history
of mining makes Atlanta very suitable for development of new mining
projects.  The Company is focused on advancing its core asset, Atlanta,
towards mine development and production.





Forward-Looking Information



This news release contains forward-looking information and
forward-looking statements (collectively "forward-looking statements")
within the meaning of applicable securities laws with respect to the
Court signing and entering the Consent Judgment in respect of payment
by AGC of the penalty imposed under the Clean Water Act and AGC's
continued compliance with the terms of the NPDES Permit. Such are based
upon assumptions, opinions and analysis that management believe to be
reasonable and relevant, including that the Court will approve the
Consent Judgment to give effect to the payment plan and that the
filtration system will continue to operate effectively. 
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied in the forward-looking
statements and accordingly, readers should not place undue reliance on
those statements. Risks and uncertainties that may cause actual results
to vary include, but are not limited to, the discretion of the Court to
accept or reject the Consent Judgment on the terms proposed or to
impose additional or amended terms, operational or technical
difficulties arising with respect to the filtration system and the
Company's and AGC's limited financial resources; as well as other risks
and uncertainties which are more fully described in the Company's
annual and quarterly Management's Discussion and Analysis and in other
Company filings with securities and regulatory authorities which are
available at www.sedar.com. Should one or more risks and uncertainties
materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied in the
forward-looking statements and accordingly, readers should not place
undue reliance on those statements. Readers are cautioned that the
foregoing lists of risks, uncertainties, assumptions and other factors
are not exhaustive.  The forward-looking statements contained in this
news release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements contained herein or in any other documents filed with
securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with
applicable securities laws.





To receive Company news via email, contact bren@chfir.com and mention "Atlanta Gold News" in the subject line.




NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.




 




SOURCE Atlanta Gold Inc.











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